Deutsche MF India launches new fixed maturity plans

Deutsche Asset Management India has launched two-year close-ended debt funds called DWS Fixed Maturity Plan (FMP) – Series 68 and 69.

While subscription to the new fund offer of DWS FMP- Series 68 begins from May 2 till May 12, it would be May 9 till May 19 for Series-69, according to a company release issued here today.

"The objective of the above schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The schemes will invest predominantly in non convertible debentures (NCD)," it said.

Deutsche MF India had an average AUM (assets under management) of Rs 18,795 crore by the end of FY'14.

EDITORIAL OF THE DAY

  • The government must only sell PSU stocks that are in demand

    The government’s move to change the methodology of selecting merchant bankers for divesting stake in various public sector undertakings would save d

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Delhi and its democratic core

In the last one month, questions have been raised about ...

Kuruvilla Pandikattu SJ

Moral basis for collective living

Laudato si (Praise Be to You”) the second circular letter ...

Dharmendra Khandal

Have you spotted those wasps, yet?

Wasps are insects that ride on the monsoon winds. I ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture